Proposed measures to expand yuan usage could shield investors from swings in the foreign-exchange market, analysts said.
Panama AG agrees Hong Kong firm’s canal concession is ‘unconstitutional’
Panama's attorney general said Wednesday that concession granted to a Hong Kong-based firm to operate ports on either end of the Panama Canal should be scrapped for being "unconstitutional."
Hong Kong to reduce dependence on land sales as major income source: Paul Chan
But some lawmakers urge the government to make bidding exercises more attractive, saying land premium revenue ‘irreplaceable’.
Exclusive: HSBC cutting staff numbers by 900 at China Pinnacle unit, sources say
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank's ambition for the unit as part of its ...
Hong Kong bourse logs 10% profit jump as trading turnover and IPOs surge
Hong Kong's bourse operator reported a 10% rise in annual profit, helped by sharp increases in trading turnover and new company listings, and said it was optimistic that a pickup in Chinese economic ...
Investing in megaprojects crucial for Hong Kong’s growth despite deficits: Paul Chan
Hong Kong must invest in megaprojects such as the Northern Metropolis to drive economic growth even if they cause deficits, the finance chief has said, while appealing for understanding from the ...
Budget 2025: Measures do not address poverty, Hong Kong NGO says
Hong Kong’s new budget does not do enough to support the city’s underprivileged, an NGO has said, citing meagre subsidy allowances and the scrapping of a HK$2,500 grant for students. The Society of ...
China, HK stocks slip as AI-driven tech rally pauses following Nvidia results
SHANGHAI: China and Hong Kong stocks fell on Thursday, as the tech rally underpinned by artificial intelligence startup DeepSeek paused following AI chip giant Nvidia’s earnings. China’s blue-chip ...
Veteran Hong Kong democrat and 6 others jailed for rioting after 2019 mob attack
A Hong Kong court on Thursday sentenced veteran democrat Lam Cheuk-ting and six other men to jail terms of several years for rioting after being attacked by a white-shirted mob in the summer of 2019 ...
HKEX Profit, Revenue Hit Quarterly Highs as IPO, Market Sentiment Pick Up
The stock-exchange operator said Thursday that net profit reached a fourth-quarter high of 3.78 billion Hong Kong dollars, beating market expectations.
Hong Kong stock exchange reports record profits after China stimulus
High interest rates in the US, which translate directly to Hong Kong due to the territory’s dollar peg, had depressed dealmaking in the city. Coupled with its exposure to China’s economic slowdown, ...
Hong Kong exchange’s 2024 profit rises 10% on higher trading revenues
Hong Kong's bourse operator reported on Thursday a 10% rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after the announcement of China economic stimulus ...
Hong Kong cutting 10,000 civil service jobs – is it enough to turn its finances around?
Hong Kong's government workers will bear the brunt of the biggest cuts in the finance chief's bid to balance the books as the city braces itself for a fourth straight year of deficit.
Hong Kong Looks to Save Pennies to Fight Its Way Out of the Red
The Hang Seng Index has soared 21% since Trump’s inauguration to touch a three-year high. The gauge has benefited from DeepSeek’s breakthrough and President Xi Jinping’s declaration to high-profile ...